Marc Rowan

the visits I've had out to the Bay Area and to Seattle and to elsewhere, robotics is a whole nother thing.

The notion that once the world was able to solve the Waymo problem, which was a real problem, how do you solve a situation for self-driving in a constantly changing environment where safety is paramount and where you can't stop?

Well, therefore, the equation of doing this for construction equipment should not be as difficult as doing Waymo.

The equation for doing this for other types of robotics should not be as difficult.

And we're just getting there.

Why should that all be financed with equity?

I mean, we have a whole market for equipment rental.

Totally.

That is a much lower cost of capital than venture capital, and a much greater scale of capital gives us and people like us diversification, gives you the appropriate amount of leverage.

And the understanding of how to parcel out those risks, the trust of how to partner on these risks, I think is going to make sure that we spend a lot more time in your hometown and vice versa.

And it's part of our...

physical strategy.

I mean, yes, we love being in New York.

New York has certain constraints.

This is not the podcast for that.

We could go off in the political direction.

But we are committed to a second headquarters.

We want access to a second talent pool.

And something tells me that second talent pool is going to be much more focused on change, on challenger business models, and on making sure we partner with the growth ecosystem.

The U.S.